
In Sun We Trust
Photovoltaic system installation and pre-installation solutions.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
$18.9m | Early VC | ||
Total Funding | 000k |
EUR | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | - | - | (1 %) | 763 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | - | - | (194 %) | (259 %) | (61 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
In Sun We Trust, which now operates as Otovo France, was established in 2015 by co-founders David Callegari and Nicolas Bodereau. The initial concept for the company originated on Twitter in 2014, where the two friends, both engineers, aimed to foster a positive image for solar energy. Their social media activity attracted numerous inquiries from individuals interested in residential solar panel installations, consistently raising two main questions: the suitability of their rooftops and finding trustworthy installers.
This direct market feedback led to the creation of a platform designed to act as a trusted third party for residential solar projects. The company developed a proprietary online simulator that leverages geographical and weather data from sources like Météo France, the European Space Agency, NASA, and IGN to accurately estimate the solar energy potential and profitability of a rooftop. This tool allows homeowners to receive a free and instant assessment. For viable projects, the company provides a detailed analysis of potential savings, investment costs, and profitability.
The business model functions as a brokerage service for solar installations. The company's service is free for customers; it earns a commission from the installers for the projects it facilitates. In Sun We Trust meticulously vets and selects a network of certified RGE installers, auditing numerous professionals to ensure quality and reliability, thereby connecting clients with top-tier local installers at competitive prices. The firm manages the entire process for the homeowner, from the initial profitability study and quote generation to selecting the installer and handling all administrative tasks.
A significant milestone occurred in 2019 when In Sun We Trust merged with the Norwegian solar marketplace, Otovo, to expand its European presence. This merger combined In Sun We Trust's customer-facing technology with Otovo's installer management systems. Following the merger, the company continued to grow, and in May 2022, it was officially rebranded as Otovo France. The company primarily serves residential customers and small businesses with rooftop areas up to 80 square meters. Keywords: solar energy, residential solar, photovoltaic installation, solar panel simulator, renewable energy marketplace, solar brokerage, Otovo France, David Callegari, Nicolas Bodereau, clean energy, solar power estimation, rooftop solar, solar installer network, energy transition, autoconsommation, RGE certified installers, solar project management, home energy solutions, green technology, sustainable energy